Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Crook County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $406,286 | $242,182 |
| Price Trend (Annual %) | 15.1% | 10.7% | 8.2% |
| Median Gross Rent | $1,223 | $1,449 | $1,342 |
| Rent Trend (Annual %) | 6.5% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Crook County is about 45% lower than in Oregon. Rent is about 16% lower than the Oregon average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Crook County, up about 15.1% and 6.5% a year respectively. Home prices are changing faster.
Median rent in Crook County rose about 58.7% between 2015 and 2023, from $770 to $1,223. Over the same span, rent in Oregon rose about 59.8%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Crook County.
Buying the median-priced home in Crook County costs roughly 15.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Crook County. The price-to-rent ratio in Oregon is about 23.4.
| Metric | Crook County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $406,286 | $242,182 |
| Median Household Income | $80,663 | $80,923 | $78,145 |
| Price-to-Income Ratio | 2.8 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Crook County rose about 50.0%, while median household income rose about 74.6% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Crook County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.9% | 58.6% | 58.2% |
| Rental Rate | 22.5% | 33.9% | 31.3% |
| Vacancy Rate | 7.6% | 7.5% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Crook County has a homeownership rate of 69.9%, higher than the Oregon average of 58.6%. Its housing vacancy rate is 7.6%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Crook County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1992 | 1980 | 1978 |
| Median Number of Rooms | 5.4 | 5.4 | 5.5 |
The typical housing unit in Crook County was built around 1992. On average, 2.4 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Crook County, Oregon.
What is the median home price in Crook County, Oregon?
The median home price in Crook County, Oregon is $225,000, lower than the Oregon average of $406,286.
What is the average home price in Crook County, Oregon?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Crook County, Oregon?
The median gross rent in Crook County, Oregon is $1,223 per month, lower than the Oregon average of $1,449.
What was the median gross rent in Crook County in 2020?
In 2020, the median gross rent in Crook County, Oregon was $913 per month.
What is the price-to-rent ratio in Crook County, Oregon?
The price-to-rent ratio in Crook County, Oregon is about 15.3, meaning it would take roughly 15.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Crook County.
Are home prices or rent rising faster in Crook County, Oregon?
Both home prices and rent are rising in Crook County, up about 15.1% and 6.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Crook County, Oregon?
69.9% of households in Crook County, Oregon own their home, higher than the Oregon average of 58.6%.
What is the vacancy rate in Crook County, Oregon?
The housing vacancy rate in Crook County, Oregon is 7.6%, higher than the Oregon average of 7.5%.